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SunPower SPWR (news,
chart,
quote) - SPWR volatility low; German Lawmakers consider tariff reductions
SPWR, a manufacturer of solar systems, is recently down $3.30 to $79.70 in pre-open trading. Calyon say's "The German solar feed-in tariff (FIT) is underfire, as lawmakers are considering an accelerated digression that would reduce rates 25% by 2010 versus 15% under current law." SPWR over all option implied volatility of 60 is below its 26-week average of 70 according to Track Data, suggesting decreasing risk. SPWR puts are priced higher than calls because SPWR is difficult to borrow.
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